The DOW opened the day strong to test new intraday highs before falling back sharply to close the day down 85 points at 13505. The S&P 500 fell sharply at its open to break down through its channel falling 14 points to close at 1515. The NASDAQ also had a pull back closing down 39 points at 2551. The FTSE, writes Greg Secker, also had a sell off down 51 points to close at 6560, watch for a bounce or break of 20ema on daily chart. Futures – Dow is called down 34 points, FTSE is called down 11 points, Oil is trading at $64.58 a barrel and gold is trading at $655.6. 

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